Accounting for peak shifting in traditional cost-benefit analysis
When cost-benefit analysis fails to account for peak-shifting the benefits of road improvement options are miscalculated. Using theory from transportation economics, we derive a simple model that disaggregates the average daily equilibrium into peak, counter-peak, and off-peak equilibria. This paper demonstrates how accounting for peak-shifting improves the performance of cost-benefit analysis.
|Date of creation:||01 Sep 2007|
|Date of revision:|
|Publication status:||Published in The Journal of Economic Development and Business Policy 1.1(2007): pp. 1-23|
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- Kenneth A. Small & Clifford Winston & Jia Yan, 2005. "Uncovering the Distribution of Motorists' Preferences for Travel Time and Reliability," Econometrica, Econometric Society, vol. 73(4), pages 1367-1382, 07.
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